The owner of half of international fleet
management and leasing company LeasePlan is looking to buy out its
partners.
management and leasing company LeasePlan is looking to buy out its
partners.
Volkswagen AG, which owns half of LeasePlan,
has signalled its intention to purchase the 25 per cent stakes
owned by two investment funds, Olayan Group of Saudi Arabia and
Mubadala Development Co of Abu Dhabi.
has signalled its intention to purchase the 25 per cent stakes
owned by two investment funds, Olayan Group of Saudi Arabia and
Mubadala Development Co of Abu Dhabi.
Olayan Group and Mubadala have exercised sell options on their
shares, which Volkswagen hopes to buy at the beginning of 2010, the
carmaker said.
LeasePlan’s UK subsidiary is the second-largest fleet management
and leasing company in the country, with 130,000 units in its
fleet.
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